Ashika Credit Capital Limited has published newspaper advertisements regarding the compulsory transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF) Authority. The company informed BSE Limited on April 02, 2026, about the publication of notices in "Financial Express" (English) and "Arthik Lipi" (Bengali) newspapers.

Exchange Notification and Regulatory Compliance

The company submitted its notification to the General Manager, Department of Corporate Service, BSE Limited, referencing its earlier intimation dated April 01, 2026. The notification fulfills obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the newspaper publication requirement for IEPF share transfers.

Legal Framework and Transfer Process

The transfer process operates under Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Auditing, Transfer and Refund) Rules, 2016. The company has identified shareholders whose dividends remain unpaid or unclaimed for seven or more consecutive years, making their equity shares liable for transfer to the IEPF Authority for Financial Year 2018-19.

Shareholder Action Requirements

Shareholders affected by this transfer must claim their outstanding dividends before September 13, 2026, to prevent share transfer. The company has uploaded details of such shareholders on its website at https://www.ashikagroup.com/ . Both unclaimed dividends and transferred shares, including all accruing benefits, can be reclaimed from IEPF Authority following prescribed procedures.

Post-Transfer Implications

Once shares are transferred to IEPF Authority, all corporate benefits will be credited to IEPF, and voting rights remain frozen until rightful owners claim the shares. Physical share certificates become non-negotiable, while demat shares are transferred through corporate action via depositories.

The notice was signed by Anju Mundhra, Company Secretary & Compliance Officer (F6686), emphasizing the company's commitment to regulatory compliance and transparent shareholder communication throughout this mandatory process.

Ashika Credit Capital Limited has completed the acquisition of Optionally Convertible Redeemable Preference Shares (OCRPS) worth ₹2,00,00,000 in its subsidiary Ashika Private Equity Advisors Private Limited on March 24, 2026. The transaction was conducted through cash consideration as part of the company's strategic investment in its subsidiary's business operations.

Transaction Details

The acquisition involved 20,00,000 OCRPS at a face value of ₹10 each, representing 100% of the preference shares issued by the subsidiary. The transaction was executed at arm's length basis, falling within the ambit of related party transactions due to the subsidiary relationship.

Shareholding Structure and Impact

Ashika Credit Capital maintains its existing 51% equity shareholding in Ashika Private Equity Advisors Private Limited. The OCRPS currently do not provide voting rights in the ordinary course of business. However, upon conversion to equity shares, the company's voting rights would increase significantly from 51% to 83.67% on a fully diluted basis.

Subsidiary Profile

Ashika Private Equity Advisors Private Limited, formerly known as Ashika Entercon Private Limited, was incorporated on April 7, 2017. The company operates in the finance industry, specifically in the Alternative Investment Fund (AIF) business segment.

Key Company Details:

• Corporate Identification Number: U66300WB2017PTC220511
• Registered Office: "Trinity", 226/1, A.J.C. Bose Road, 7th Floor, Kolkata 700020
• Authorized Capital: ₹3,00,00,000 (10,00,000 equity shares and 20,00,000 preference shares of ₹10 each)
• Paid-Up Capital: ₹2,01,00,000 (10,000 equity shares and 20,00,000 preference shares of ₹10 each)

Business Operations

The subsidiary serves as an investment manager for Ashika Private Equity Trust (APET), which has received approval for registration from the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund. The registration number is IN/AIF2/25-26/1927.

Financial Performance:

Investment Rationale

The investment in OCRPS is intended to meet the business requirements of Ashika Private Equity Advisors Private Limited. As Ashika Credit Capital operates as a Non-Banking Financial Company (NBFC), this acquisition aligns with its ordinary course of business operations. The transaction required no governmental or regulatory approvals and was completed on the same day it was announced.